WEBVTT - Cava, Super Micro, and CoreWeave Push Higher

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Presumably we have a stock mover's today here. It's a podcast,

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<v Speaker 1>and no one does it like Alexis christoferis.

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<v Speaker 3>You can bet your bottom dollar. We do so lots

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<v Speaker 3>to choose from this morning. We have to go with

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<v Speaker 3>some of the obvious ones. Core Weave of eighteen percent

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<v Speaker 3>here pre market one of the reasons why the AI

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<v Speaker 3>trade seems to be back in vogue for today. The

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<v Speaker 3>stock had been up twenty six percent this year through

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<v Speaker 3>yesterday's close. So this is a cloud computing company reporting

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<v Speaker 3>its fifth consecutive quarter of record revenue and a sales

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<v Speaker 3>backlog of get this, one hundred and four billion dollars.

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<v Speaker 3>And the firm also inked more than twenty five billion

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<v Speaker 3>in new customer commitments after that period ended. So business

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<v Speaker 3>is booming at core Weave, and we're talking about serving

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<v Speaker 3>customers like Open Ai, Meta, Microsoft. It sort of has

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<v Speaker 3>become a bellweather really for the AI data center boom

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<v Speaker 3>because it's one of the few companies in this space

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<v Speaker 3>that's actually publicly traded, so it's a way that we

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<v Speaker 3>can sort of monitor all of this. And then in

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<v Speaker 3>keeping with that space, if you will, super Micro, the

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<v Speaker 3>ticker symbol their SMCI is having a good morning. It's

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<v Speaker 3>up about nine percent. And yesterday, Paul, you and I

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<v Speaker 3>were talking on Bloomberg Intelligence about super Micro, how it's

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<v Speaker 3>underperforming its rivals. It's down thirty two percent in the

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<v Speaker 3>past year. But we'll see. Wall Street likes what it

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<v Speaker 3>hears today from this server company reporting sales that nearly

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<v Speaker 3>doubled in its fiscal fourth quarter, surging profit, revenue forecast

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<v Speaker 3>for the current quarter, also topping estimates. So super Micro

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<v Speaker 3>has been working really hard to boost margins. It's selling

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<v Speaker 3>more profitable, profitable products as trying to trim costs. So

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<v Speaker 3>what we did talk yesterday, didn't we, Paul about some

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<v Speaker 3>issues in the c suite and governance issues. They didn't

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<v Speaker 3>really dress that on the call.

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<v Speaker 4>Yeah, would you hope Bloomberg Intelligence called that out for so,

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<v Speaker 4>no no news there, but at least the numbers are

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<v Speaker 4>coming through.

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<v Speaker 1>You guys are so inside based.

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<v Speaker 3>Oh yeah, oh yeah, that's so you had to listen

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<v Speaker 3>to Bloomberg Intelligence exactly right, exactly Surveillance all right, then

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<v Speaker 3>I also brought us kava, because you can ever go

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<v Speaker 3>wrong with a food company, Mediterranean food company. This stock

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<v Speaker 3>is up seventeen percent today, a sales rose faster than

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<v Speaker 3>expected due to increase traffic and customers buying higher priced proteins.

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<v Speaker 1>So it's a restaurant.

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<v Speaker 3>It's a restaurant. Wait a minute, that's that word approaching.

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<v Speaker 3>You hate the word protein exactly, but really.

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<v Speaker 2>That's how the kids rolls.

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<v Speaker 4>That's how the kids are rolling.

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<v Speaker 3>So you just want us to say, if it's chicken,

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<v Speaker 3>it's chicken. If it's beef, it's beef. Don't call it

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<v Speaker 3>a protein anyway. They have a pomegranate glazed salmon, which

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<v Speaker 3>apparently is a hit.

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<v Speaker 1>Okay, they're they're buying the Chrysler building the third Avenue.

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<v Speaker 4>Yeah, oh yeah, and yeah, they're all they're all over

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<v Speaker 4>the I have not yet been to one, but the

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<v Speaker 4>kids say they're great.

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<v Speaker 3>Kids say they're great. And remember it was hurt initially

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<v Speaker 3>by that parasitic outbreak because it scared customers off from

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<v Speaker 3>Greens at a bunch of places like Sweet Greens, and

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<v Speaker 3>Kavakava was not affected by this. I just want to

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<v Speaker 3>put that out there but it was sort of caught

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<v Speaker 3>up in all of that. And if we have a moment,

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<v Speaker 3>I'll let me talk a little tax time with H

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<v Speaker 3>and R Block that's not also having a good morning

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<v Speaker 3>up about eleven percent. The tax preparation company we all

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<v Speaker 3>know what, gave a full year forecast stronger than expected,

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<v Speaker 3>also reported fourth quarter results that beat expectations. So good

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<v Speaker 3>morning for H and R.

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<v Speaker 1>Kids, Meal, Kava, build your own meal, three toppings, three

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<v Speaker 1>classic peda chips, a side of a quarter peda chips,

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<v Speaker 1>small juice or milk. It's like grown up food for

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<v Speaker 1>But how much is it?

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<v Speaker 3>Is the question?

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<v Speaker 4>Yeah, that's probably they don't show the price. There we go,

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<v Speaker 4>You know I don't.

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<v Speaker 1>It's just you know, when I was eight, is that

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<v Speaker 1>what I want to do? Now?

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<v Speaker 4>You wanted them?

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<v Speaker 1>And kids?

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<v Speaker 2>McDonald's the stockmover's report from Bloomberg Radio. Check back with

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